The accidental death insurance market consists of sales of accidental death insurance. The financial institutions pays a lump sum amount to the beneficiary in case of an accidental death, in addition to the standard benefit payable if the insured died of natural causes. This type of insurance is often an addition or a clause connected to a life insurance policy.
The global accidental death insurance market was valued at about $60.8 billion in 2018 and is expected to grow to $68.59 billion at a CAGR of 3.1% through 2022.
